SkyOne Classic Visa® Card

SkyOne Classic Visa® Card Review

This is a card issued by SkyOne Federal Credit Union. If you're wondering whether SkyOne Classic Visa® Card is the right card for you, read on.

Key Takeaways

• Competitive APRs. SkyOne Classic Visa® Card has a variable purchase APR that ranges from 11.75% up to 18.00%.
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. SkyOne Classic Visa® Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1% every time you make a transaction outside the U.S.
• Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still have relatively good approval odds.

Pros & Cons of SkyOne Classic Visa® Card

The Good	The Bad
Potentially lower than average purchase APRs. No annual fee. Identity Theft Protection. Considers applicants with fair credit. SkyOne Classic Visa® Card reports to multiple credit bureaus.	Does not offer a signup bonus. Does not offer rewards or cash back. Charges a foreign transaction fee of 1%. You don't earn rewards on every purchase. Charges a 3% balance transfer fee. Does not include many credit card benefits.

SkyOne Classic Visa® Card FAQ

Does SkyOne Classic Visa® Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the SkyOne Classic Visa® Card benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for SkyOne Classic Visa® Card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.

SkyOne Classic Visa® Card has a variable purchase APR that ranges from 11.75% up to 18.00%. The card has a variable balance transfer APR that ranges from 11.78% up to 18.00%. It also has a variable cash advance APR that ranges from 11.75% up to 18.00%.

What are the fees for SkyOne Classic Visa® Card?

The following fees apply:

• There is no overlimit fee

SkyOne Classic Visa® Card Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	1%
Returned Payment Fee	$0
Late Payment Fee	$25 - $30

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.

Does SkyOne Classic Visa® Card report your account activity to credit bureaus?

Yes, SkyOne Classic Visa® Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for SkyOne Classic Visa® Card

• Visit the SkyOne Classic Visa® Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.